You are here:Home/About Us/Infrastructure & Public Depository Task Force

Infrastructure & Public Depository Task Force

On June 30th 2017 the Legislature adopted a 2017-2019 Operating Budget. The budget contained a proviso within the State Treasurer’s appropriation requiring that the Treasurer “establish a task force on public infrastructure and a publicly-owned depository.” The task force is charged with examining the scope of financial needs for local governments for constructing public infrastructure; the feasibility of creating a publicly-owned depository to facilitate investment in, and financing of, public infrastructure systems that will increase public health and safety, and leverage the financial capital and resources of Washington state by working in partnership with financial institutions that benefit local communities, or with community-based organizations, economic development organizations, local governments, guaranty agencies, and other stakeholder groups to create jobs and economic opportunities within our state for public benefit. ) The task force will report any recommendations identified by the task force that involve statutory changes, funding recommendations, or administrative action to the legislature as draft legislation by December 1, 2017

The task force consists of one member from each of the two largest caucuses of the senate appointed by the president of the senate; one member from each of the two largest caucuses of the house of representatives appointed by the speaker of the house of representatives; members representing a small sized state-chartered bank, a medium sized state-chartered bank, a federally chartered bank, local governments, and four citizens with a background in financial issues or public infrastructure selected by the president of the senate and the speaker of the house of representatives; and the attorney general, the state auditor, the treasurer, and the governor, or their designees.

The following appointees now serve on the Infrastructure & Public Depository Task Force: